The OBBBA Tax Act will go into effect in 2026.
The nonpartisan CBO analyzed its impact on different income groups, including transfers and taxes.
https://www.cbo.gov/interactive/2025-reconciliation-act
The big policy bill helps the rich and hurts the poor unlike any other
11 Data Points and Discoveries That Stuck With Us in 2025
By The Upshot Staff, The New York Times, Dec. 30, 2025
This distributional analysis, showed that the bill didn’t just cut taxes more for higher earners than poorer Americans, but that when those tax cuts combined with changes to the social safety net, it also left poor Americans significantly worse off. [end quote]
Of course, the rich have more money to spend so they have a greater impact on economic growth.
Wendy